"Real" Flatulence

(Following up on this morning's post.)

I refigured "real debt" using the formula I figured out some weeks back, which allows for the fact that debt is a stock, not a flow.

Using these corrected debt numbers, this morning's graph now looks like this:

Graph #1: Inflation-Adjusted Debt relative to Nominal GDP

I suppose it just shows that prices are higher than they used to be.

// The Google Docs spreadsheet